Are Ethereum and BNB Collaborating More Closely? A Look at CZ and Vitalik
This article explores the growing collaboration between Ethereum and Binance Coin as represented by CZ and Vitalik, particularly in light of their recent initiatives and events.
Are Ethereum and BNB Collaborating More Closely? A Look at CZ and Vitalik
Changpeng Zhao (CZ), the former head of Binance, has a long-standing relationship with Ethereum and its co-founder, Vitalik Buterin. They exhibit a collaborative spirit, mutual respect, and engage in public discussions regarding technical matters related to cryptocurrencies, particularly concerning ETH and BNB, which contributes to their bullish market trends.
Binance remains a leading platform for trading cryptocurrencies, providing ample liquidity and facilitating users in buying, selling, and trading during market surges.
Despite launching its blockchain, Binance Smart Chain (now known as BNB Chain), Binance continues to back the Ethereum bull run, positioning itself to support rather than compete with Ethereum.
“Vitalik is one of the most genuine guys I know.”
— CZ 🔶 BNB (@cz_binance) November 5, 2022
Binance has actively supported Ethereum developers through various initiatives, including partnerships with Gitcoin to fund Ethereum builders. They have also been involved in Ethereum-related projects and hackathons.
After the FTX crisis in 2022, CZ and Vitalik collaborated on introducing a proof-of-reserves mechanism, which aims to enhance the transparency of cryptocurrency exchanges.
Breaking: CZ & Vitalik in discussions to develop a proof of reserves system.
— Crypto Rand (@crypto_rand) November 14, 2022
CZ has frequently expressed support for Ethereum’s advancements and acknowledged its significant contribution to the crypto landscape, particularly during the ICO boom that helped launch Binance.
Both CZ and Vitalik have also shown interest in Decentralized Science (DeSci), participating in events together to explore how blockchain technology can transform scientific funding and collaborative efforts.
“Spending more time with innovators… Want to join our Labs incubator?”
— CZ 🔶 BNB (@cz_binance) November 13, 2024
CZ’s engagements with Vitalik extend to social media, where he often interacts with discussions about Ethereum’s significant milestones, such as its transition to Ethereum 2.0.
Hackathon: A Joint Effort Between BNB and ETH
Binance frequently organizes or sponsors hackathons geared towards fostering development on BNB Chain. These events serve as platforms for innovators to present new decentralized applications (dApps) and smart contracts across both ETH and BNB networks, promoting collaborative learning and development.
“I appreciate Binance’s good work too! Their charitable activities set a commendable example.”
— vitalik.eth (@VitalikButerin) November 28, 2020
These hackathons facilitate networking opportunities for developers, connecting them with core contributors of both Ethereum and BNB, which can lead to sustainable projects or innovative startups.
Through Binance Labs (now known as YZi Labs), Binance has allocated funds to promising initiatives emerging from these hackathons. While promoting its own ecosystem, CZ also staunchly supports Ethereum, emphasizing that competition does not deter collaboration or mutual respect among the two entities in the paradigm of cryptocurrency growth.
